This property looks like a bad Airbnb investment with a projected -24.41% first-year return on $202k initial cash invested.
-24.41%
Cash On Cash
0.73%
Cap Rate
0.12
DSCR
$3,243
Rent
-$4,104
Cashflow
Cash Flow
$3,243 income − $7,347 expenses = $4,104 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$7,347
Mortgage P&I
139%
$4,504
Property Taxes
30%
$980
Home Insurance
9%
$306
HOA
0%
$0
Property Management
15%
$486
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$811